Please help me solved all these steps to get to the correct answer/ journsl entries trying to understand this more
Below are a number of unrelated transactions for the Village of Centerville, some of which affect governmental activities at the government-wide level. None of the transactions has been recorded yet. Requlred Prepare in general journal form the necessary entrles in the govemmental activites and appropriate fund joumals for each transaction. (if no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermedlate calculations.) 2. A $6,300,000 issue of serial bonds to finance a capital project was sold at 107 plus accrued interest in the amount of $63,000. The accrued interest and the premium were recorded in the debt service fund. Accrued interest on bonds sold must be used for interest payments; the premium is designated by state law for eventual payment of bond principal \begin{tabular}{|l|l|l|l|l|} \hline 2a & Capital Projects Fund & Record the issuance of bonds & \\ \hline & & & \\ \hline & & & \\ \hline 2b & Debt Service Fund & Record the accrued interest and Premium on bonds & \\ \hline & & & & \\ \hline & & & \\ \hline 20 & Governmental Activities & Record the issuance of bonds & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 3. The debt service fund made a $50,000 lease payment, of which $8,623 was interest Funds used to make the lease payment came from a capital grant received by the special revenue fund. 4. Tax-5upported serial bonds with a $7,000,000 par value were issued in cash to permit refunding of a $7,000,000 par value issue of term bonds Assume that the ferm bonds had been issued several years earlier at par. \begin{tabular}{|c|c|c|} \hline 4a & Debt Service Fund & Record the issue of tax-supported serial bonds for parfial refund of term bonds. \\ \hline & & 11 \\ \hline & & \\ \hline & & \\ \hline 40 & & Record the refund of the par value bonds. \\ \hline & & 0 \\ \hline & & \\ \hline & & \\ \hline 4c & Governmental Activities & Record the issue of tax-supported serial bonds for partial refund of term bonds. \\ \hline & & \\ \hlinex1 & & P2+x0 \\ \hline= & & \\ \hline 4d & & Record the refund of the par \\ \hline & & +2 \\ \hline & & - \\ \hlinex0 & 40 & \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{l} 5. Four months prior to year-end, 8 percent special assessment bonds totaling $570,000 were issuod to fund a streetlight improvement project in a local \\ subdivision. The bonds are secondarily backed by the viliage. The first $27,000 installment will be due from property owners sox months after the initial bond \\ issuance, but no debt payments are due in the first year. \end{tabular}} \\ \hline 5a & Debt Service Fund & Record the issue of special assessment bonds. \\ \hline & & \\ \hline cos2 & & 12 \\ \hline & & \\ \hline 5b & & Record the current and deferred installment receivable from the local subdivision. \\ \hline & & \\ \hline & & \\ \hline & & +1 \\ \hline & & 13 \\ \hline \end{tabular} 7. Due to an unexpected change in interest rates, a village issued a $3,100,000 bond at 97 percent of par value. The bond was issued to fund construction of a bike path, including restrooms and picnic shelters. It is expected that the shortage of cash will be covered by a future transfer from another fund \begin{tabular}{|c|l|l|l|} \hline 7a & Capital Projects Fund & Record the issuance of bonds \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 7b & Governmental Activities & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 8. A town secures a note payable in the amount of $156,000 to pay initial expenses for construction of a new police station. Town administrators plan to repay this note within three months with tax revenues. \begin{tabular}{|c|l|l|l|l|} \hline 8a & Capital Projects Fund & Record the issuance of Notes payable & \\ \hline & & & & \\ \hline & & & & \\ \hline 8b & Governmental Activities & Record the issuance of Notes payable & \\ \hline & & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 9. A county secures a bond anficipation note in the amount of $506,000 to pay initial expenses for construction of a convention center. The board of county commissioners recommended that the finance department refinance the bond anticipation note by issuing a construction bond when construction activity begins. \begin{tabular}{|l|l|l|l|} \hline 93 & Capital Projects Fund & Record the issuance of Bond anticipation note & \\ \hline & & & \\ \hline & & & \\ \hline 90 & Governmental Activities & Record the issuance of Bond anticipation note & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 6. A $6,300,000 issue of construction bonds was sold at pir by the capital projects fund. Debt issuance costs included administratwe fees of $56,700 and prepaid insurance costs of $6,300. insurance costs of $6,300. Record the current and deferred installment receivable from the local subdivision Record the interest payable on the special assessment debt. 7. Due to an unexpected change in interest rates, a village issued a $3,100,000 bond at 97 percent of par value. The bond was issued to fund construction of a bike path, including restrooms and picnic shelters. It is expected that the shortage of cash will be covered by a future transfer from another fund. \begin{tabular}{|c|c|c|} \hline 7a & Capital Projects Fund & Record the issuance of bonds \\ \hline & & \\ \hline & & \\ \hline \end{tabular}